Question

Which of the following types of securities or securities transactions are exempt from the need to be registered under the Securities Act of 1933? I. Commercial paper with a maturity of nine months or less. II. Intrastate issues in which the securities are offered and sold only within one state. III. Municipal bonds.

Answer 1

I, II, and III

Step-by-step explanation:

There are various types of securities transactions that are exempted and registered under the Securities Act of 1933 which are as follows

1. Commercial paper whose maturity is within 9 months

2. Intrastate issues: this issue represents that the securities should be offered and sold within one state

And, the last one is

3. Municipal bonds.

Hence, all three options are correct